PNC Financial Services, Pittsburgh, has extended many of the employment agreements with the old National City warehouse group until June 1, according to industry officials familiar with the matter. As reported by National Mortgage News last month, National City Warehouse (under PNC) is extending warehouse lines to June, not just March. There is still interest in selling the unit to a third-party firm, but PNC officials, to date, have declined to discuss the matter.
Attom expanded its artificial intelligence platform, eLend partnered with Ready4Remodel to increase renovation financing and Keller Williams teamed up with Rejig.ai.
Several lawsuits filed this year have painted the shared appreciation agreements as misleading, and suggest they should be treated as mortgage loans.
A series of tornadoes and severe hailstorms across the Central U.S. turned Midwestern states into claims hotspots in the second quarter, according to Verisk.
The Federal Housing Administration's proposed changes to property standards could open up origination opportunities for lenders comfortable with the updates.
Zillow said the filing doesn't address any of the issues highlighted in the previous dismissal, and asked the court to dismiss the new complaint with prejudice.
Almost all five A1 tranches benefit from credit enhancement levels of 26.10%. The A1A tranche, however, has a credit enhancement level of 36.10%.
